It is a product that tracks the yield rate of underlying assets with 3 times. Using BTC3L as an example, for every 1% BTC goes up in a day, BTC3L goes up 3%; for every 1% BTC goes down, BTC3L goes down 3%.Leverage ETF is a perpetual product that has no settlement day. Theoretically, its price won't totally reach zero, so it has no liquidation risks. Traders may buy/sell ETF at the secondary market at any time with no margin.

NEO 3x Short ETF

NEO3S is a NEO 3 times short leverage ETF traded on MEXC Global Exchange

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NEO 3x Short ETF NEO3S

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